Agency will provide a new tranche of financial support intended to support growth and innovation and use technology to address issues including climate change, according to DSIT secretary Peter Kyle
The new technology secretary Peter Kyle has committed £33m of funding for space sector projects across the UK.
The additional investment, announced on the opening day of the Farnborough International Airshow, will be provided by the UK Space Agency, as part of its National Space Innovation Programme (NSIP). The funding scheme is intended to invest in high-potential technologies and drive innovation and growth in the UK space sector.
Two projects in Scotland will receive a share of £8.5m in support: a sub-orbital rocket test by HyImpulse, a Glasgow-based company, from the SaxaVord spaceport in Shetland; and a project led by Spire Global, also based in Glasgow, which aims to further develop technology to supply forecasting data to global numerical weather prediction centres.
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The government said that it aims to support growth and create jobs with the new funding.
“From combatting climate change to staying connected with loved ones, space technologies play an important role in many aspects of our day-to-day lives,” Kyle said. “But backing the growth of UK space companies is also essential for driving economic growth, boosting productivity, and creating wealth in every community. Our £33m investment in these projects highlights the huge potential of the UK’s space industry, especially as we collaborate with international partners.”
Dr Paul Bate, chief executive of the UKSA, added: “These new projects will help kickstart growth, create more high-quality jobs, protect our planet and preserve the space environment for future generations. They go to the heart of what we want to achieve as a national space agency that supports cutting-edge innovation, spreads opportunity across the UK and delivers the benefits of space back to citizens on Earth.”
This story originally appeared on PublicTechnology sister publication Holyrood
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